Equity Research Report

Quantitative Scoring Engine v5.1 — 1 Ticker

Date: 29 May 2026Horizon: 1-2 yearsEngine: stock_researcher v5.1

Executive Summary

TickerPriceVerdictConvictionScoreBase TargetUpsideFortress
APP$603.00YES8/107.5$720+19%Good

APP AppLovin Corporation Communication Services YES — 8/10
Conviction
8/10

Overall: ALL PASSED

GateDetail
✓ G1 Price Data$603.00
✓ G2 Market CapMarket Cap: $202.57B
✓ G3 Price History252 trading days (min: 100)
✓ G4 OptionsOptions available (16 expirations)
✓ G5 DelistingNo delisting signals
Fundamentals (40%)9.35/10
FactorWeightRaw ValueScore (0–10)Contribution
Revenue Growth25%59.0% [consistent] MEASURED10.02.500
Gross Margin15%88.4% [+1.3pp YoY] MEASURED10.01.500
Operating Margin15%78.2% [+2.1pp YoY] MEASURED10.01.500
Fcf Yield10%1.6% (growth adj) MEASURED5.90.585
Roic15%ROA=44.2% (ROIC fallback) MEASURED10.01.500
Debt Health10%ND/EBITDA=0.2x, ICR=24.1x, CR=3.24 MEASURED9.60.960
Earnings Trajectory10%EPS(T)=11.53, EPS(F)=21.93, Fwd=+90% MEASURED8.00.800
Technicals (15%)5.05/10
FactorWeightRaw ValueScore (0–10)Contribution
Trend Alignment25%above 50-DMA, above 200-DMA, death cross, ADX=22 (trending) MEASURED7.01.750
Mean Reversion25%RSI=73 (overbought), %B=129 (near upper band) MEASURED0.00.000
Momentum20%MACD above signal, histogram positive, ROC=36.0% (strong up) MEASURED8.21.640
Positioning Sentiment20%SI=4.1% (moderate), P/C=0.67 (bullish sentiment) MEASURED5.81.160
Volume Confirmation10%RVOL=0.6x MEASURED5.00.500
Fortress Fit (30%)7.56/10
FactorWeightRaw ValueScore (0–10)Contribution
Iv Richness35%72% MEASURED9.73.410
Iv Vs Hv10%IV/HV=1.11x MEASURED7.50.750
Beta Gap Risk10%2.37 MEASURED8.00.800
Gap History10%Worst day: -19.7%, >5% drops: 22 MEASURED2.00.200
Capital Outlay5%$60,300 per 100 shares MEASURED7.00.350
Entry Timing10%LEAPS available MEASURED5.50.550
Options Liquidity20%near-term OI 11,229 (good), LEAPS OI 5,114 (~384d, good), spread 11% (moderate) MEASURED7.51.500
Valuation (15%)4.95/10
FactorWeightRaw ValueScore (0–10)Contribution
Forward Pe30%27.5x MEASURED5.01.500
Peg Ratio20%1.32 MEASURED6.01.200
Ev Ebitda20%39.4x MEASURED4.00.800
Analyst Upside15%+6.9% to $644 MEASURED5.20.778
Ps Or Pb15%P/S=32.9x (asset-light) MEASURED4.50.675
Fundamentals 9.3 Technicals 5.0 Fortress Fit 7.6 Valuation 5.0 7.5Composite Score
PillarScoreWeightContribution
Fundamentals (40%)9.3540%3.740
Technicals (15%)5.0515%0.757
Fortress Fit (30%)7.5630%2.268
Valuation (15%)4.9515%0.743
Composite Score7.51
▶ Raw Data Fetched (click to expand)
FieldValueSource
Price603.0yfinance/IBKR
Market Cap$202.57Byfinance
IV (IBKR)72.3%IBKR live
IV (yfinance)72.4%yfinance options
HV 30d65.2%computed
Beta2.366yfinance
Revenue Growth59.0%yfinance
Gross Margin88.4%yfinance
Operating Margin78.2%yfinance
FCF$3.18Byfinance
ROE (ref)266.4%yfinance
ROA (ref)44.2%yfinance
Total EquityN/Ayfinance
D/E Ratio162.89yfinance
Current Ratio3.24yfinance
EPS Trailing11.53yfinance
EPS Forward21.93yfinance
Earnings Growth113.1%yfinance
Fwd P/E27.50yfinance
PEG Ratio1.32yfinance
EV/EBITDA39.38yfinance
P/S Ratio32.86yfinance
P/B Ratio (ref)85.80yfinance
Analyst Target$644.4667yfinance
Near-term ATM OI11,229~45d chain
LEAPS ATM OI5,114~384d chain
Near-term Spread %10.9%~45d chain
Has LEAPSYesyfinance
Next Earnings2026-08-06yfinance
Worst 1-Day Drop-19.7%price history
>5% Drop Days22price history
RSI 1472.8computed
MACD24.51computed
ADX 1421.70computed
Relative Volume0.55computed
52W High$745.61yfinance
52W Low$320.0yfinance
1Y Return+54.5%yfinance
▲ MODERATELY STRETCHED UP
Entry timing is challenging with moderately stretched positioning (score 4/10) suggesting patience for a pullback toward 595 support may improve risk-adjusted returns.
90-Day Price
$367 $603
Price
$603.00
Market Cap
$202.6B
P/E (TTM)
52.30x
Fwd P/E
27.50x
Revenue
$6.16B
Rev Growth
59.0%
Gross Margin
88.4%
EPS (TTM)
11.53
30d IV
72.3% (8th pctl)
IV Source
IBKR Live
HV (30d)
65.2%
Beta
2.37
Worst Day
-19.7%
52W Range
$320.0-$745.61
1Y Return
+54.5%
FCF
$3.18B
Next Earnings
2026-08-06

Investment Thesis

The scoring engine delivers a strong YES verdict (8/10 conviction) driven primarily by exceptional fundamentals (9.3/10) that more than offset stretched valuation metrics. AppLovin's operational excellence is undeniable: 59% revenue growth with expanding margins (88.4% gross, 78.2% operating), stellar returns (44.2% ROA), and pristine balance sheet health. The forward earnings trajectory shows 90% EPS growth potential, justifying premium multiples in a high-growth mobile advertising market. While valuation appears rich at 27.5x forward P/E and 39.4x EV/EBITDA (5.0/10 score), the 1.32 PEG ratio suggests growth rates can support current levels. Technical momentum remains constructive (8.2 momentum score) despite overbought conditions. The Fortress Fit score of 7.6/10 benefits from exceptional IV richness at 72%, though gap risk from high beta (2.37) and volatile price action requires careful structure sizing.

Technicals

Current Price$603.00
50 DMA454.57 (above)
200 DMA535.66 (above)
RSI (14)72.8 (overbought)
Stochastic RSI95 (overbought)
MACD24.509 (signal: 14.533)
ADX (14)22 (weak trend)
Bollinger (20,2)419.02 / 490.44 / 561.85
BB %B128.8%
Relative Volume0.55x
% From 52W High-19.1%
Support Levels
$595.51
$546.06
$489.30
Resistance Levels
$677.35
$736.82

APP exhibits mixed technical signals with strong underlying momentum but stretched near-term positioning. The stock maintains bullish trend alignment above both 50-day and 200-day moving averages with ADX confirming a trending environment. However, RSI at 73 signals overbought conditions while Bollinger %B at 129 indicates price extension beyond normal ranges. MACD remains constructively positioned above its signal line with positive histogram, supporting the 36% rate of change momentum. Immediate support levels sit at 595 and 546, with resistance clustering around 677-737. The death cross pattern warrants monitoring, though it conflicts with other trend indicators.

ScenarioPrice TargetTimelineRationale
Bear$45012-18Multiple compression amid growth deceleration or increased competition in mobile advertising, with high beta amplifying any market downturn.
Base$72012-15Sustained execution on current growth trajectory with modest multiple expansion as market recognizes earnings quality and margin sustainability.
Bull$90015-24AI-driven advertising optimization creates deeper competitive moats while international expansion accelerates, driving sustained 40%+ growth rates.

Key Risks

The primary concern is valuation vulnerability given premium multiples across all metrics. Any growth disappointment or margin pressure could trigger significant multiple compression, amplified by the stock's 2.37 beta. The mobile advertising space faces increasing competition from major tech platforms and potential privacy regulation headwinds. Additionally, the company's heavy reliance on mobile gaming advertising creates concentration risk if that vertical weakens. Technical risks include the current overbought positioning and significant gap-down history (worst single day -19.7% with 22 drops exceeding 5%). High implied volatility, while beneficial for income generation, reflects market uncertainty about sustainability of current growth rates.

Fortress Suitability: Good

AppLovin scores well for Fortress structures (7.6/10) primarily due to exceptional IV richness at 72%, providing substantial premium collection opportunities. Options liquidity is adequate with 11,229 near-term open interest and 5,114 LEAPS contracts, though 11% spreads require careful execution. The $60,300 capital requirement per 100 shares is manageable for sophisticated portfolios. However, the 2.37 beta and documented gap risk (22 significant drops) necessitate conservative position sizing and robust downside protection.


Disclaimer: This report is auto-generated for informational purposes only. Verdicts and conviction scores are computed by a deterministic quantitative scoring engine (4-pillar model with hard gates). Narrative sections are generated by Anthropic Claude and may contain errors. Fundamental data from Yahoo Finance. IV data from IBKR (where available) or Yahoo Finance options. All data subject to delays. Options trading involves substantial risk. Always do your own due diligence.